While the largest investment for 2017 is technology (50%) followed by customer services (25%), this effort is being focussed on M2M/IoT and enablers such as VoIP and WiFi (and deducing from this 4G also) with only 12% seeing for example eSIM having and impact on their business in 2017. Whilst we do have eSIM opportunities with customers that go back 10 to 15 years as an emerging technology, by far the biggest growth is in the lead up to 5G MVNO and IoT and M2M across the MVNE and MVNO consultancy business.

The biggest growth for 2017 will come from Asia, Africa and Europe and to some extent the US, with Latam, the golden promise of 2016 and 2016 that never delivered, still not delivering significant growth in 2017 either at only 5%